Look, a bright shiny object!
Constant economic predation. Ever more reckless military acts from ever more-desperate regimes. This is the New World Order – the real one.
The federal ban on cannabis is one of those policies which make living in Americ feel like the dark ages. It wastes tax dollars and it tramples states’ rights to make their own laws.
Forget Bane, Knight is going dark:
And the share price is now down 23%...
Chinese are probing their security perimeter for the day the United States of Israel strikes Iran.
"Everyone run to safety... http://www.treasurydirect.gov/ !!!"
"Everyone run to safety... http://www.treasurydirect.gov/ !!!"
This is it!
PPT to battle stations immediately!
“This is it!” What a asshole.
Fun Little nugget:
William L. Bolster Lead Director, Knight Capital Group, Inc., Retired Chairmanand Chief Executive Officer, CNBC International
William L. Bolster, Lead Director of the Company, has served on the Board since November 2003. Mr. Bolster was Chairman and Chief Executive Officer of CNBC International from July 2001 to November 2003 and was a consultant to CNBC International until February 2004. Prior thereto, he was President of CNBC from January 1996 until July 2001. Previously, Mr. Bolster was President and General Manager of WNBC-TV in New York. Mr. Bolster received a B.A. in Business Administration from Loras College in 1967.
Yelling "Fire!" would get you arrested...
"The witnesses also said no shots were fired and no shell casings were found, the affidavit said."
this kind of bullshit was in the article. no shell casing found....there wasnt even a gun. the idiot was just yelling. this has nothing to do with firearms but the media has to have a gun in the story...evn thou there wasnt one.
Serious ? I fully intend to cash out my 401k is now the time or is ben gonna pump it up ?
Cash out, buy physical metals asap!
Down 23%...now it appears the algos are feeding upon one of their own. Akin to a torpedo homing in on the very same boat which launched it.
We will hear hull cavitations soon enough.
KCG is a large MM for OTC stocks. Things went crazy there on the pink sheets this morning. Wonder if KCG is the next MFG/Peregrine disaster.
Reminds me of the BATS "incident". Probably too much volume or some failed systems somewhere, triggered by your friendly local HFT.
Correct and the OTC has been pretty much illiquid for the last 6 months. It's finally catching up with the MM.
No volume in OTC is the death of KCG.
I've hated Knight Trading since 1999-2000 when we were shorting all the dotcoms and these fuckers were always faking bids on the Level III screens. I got so pissed off one day I called the CEO and yelled at him for 2 minutes about market manipulation and then I hung up and we shorted 50,000 shares of his company as our way of saying "Fuck You, prick."
We made a little bit and closed the trade a week later.
My fav story was shorting Redback Networks in 1999 - they announced a huge secondary that would allow insiders to dump millions of shares, but instead of going down, the stock rallied because Cramer was long Redback at his hedge fund and he had used 2 CNBC appearances that day to say how fucking great the secondary was because it meant that institutions would now be able to get into the company in size.
So I emailed CNBC reporter Bob Costello, (whom I had never communicated with before) with a long screed about how the secondary would DILUTE, and that cramer was a fucking monkey spouting garbage. And 15 minutes later, it was Costello's turn to report from the NAZ, and he immediately said 'I have this email just in from a Santa Monica based fund manager' and he proceeded to read my email ripping Redback and (Cramer the monkey) word for word on the air for about 45 seconds.
Meanwhile, I was sitting in my apartment in Santa Monica, on my couch, in my underwear. We were not really a hedge fund. I had about $15 million under management at the time. And I had just forged my way into a breathless Tom Costello CNBC report calling Jim Cramer a monkey.
I'm pretty sure it was the happiest moment of my life.
"Jim -- care for a banana ?"
+1. Great anectdote.
Its posts like these I wish I could give you more than a single +1
Bob Costello was the grandson of Lou Costello (of Abbot & Costello). He was one of the good guys at CNBC during the bubble mania. Always skeptical about the valuations and apparently willing to throw Cramer under the bus on the word of a small-time fund manager he had never met.
By the way, Redback eventually traded down to $1 (in 2003 or so) after hitting at least $200 on the high side in 2000.
Charles Manson sends his regards ...
Hmmmm where have I heard this before? Oh yeah the flash crash. Damned fat finger.
It's not looking good. Underlying individual stocks are being sold...quite hard in some instances. SPY seems clueless, as always. I suspect we will find ourselves in illiquid circumstances shortly.
**additional: it seems like the coal stocks have run out of sellers, finally...one year later**
Jon Corzine may need to plan for a table of 3 now....and more party guests to join him soon.
Quants listed Indian Power Grid experience on resume'?
Those that live by the Algo shall die by the Algo .....Book Of Bankers Chapter 2 Verse 7
Like day and Knight!
Ultimate irony = algos invented to fend off human tendency to panic in the marketplace, algos applied to market, algos subsequently panic themselves.
And Man gazed deeply into the silvered glass that He fashioned and saw ... Himself.
Pretty soon we will be reduced to trading beads and trinkets with the other locals.
Or at least PMs for food and other stuff.
long wampum! (someone on ZH has already said this before, I know it)
This is what you get for running your trades on a Commodore 64.
So you say that I can give up waiting for an Atari conversion?
They are upgrading to a Packard Bell PC Clone with an 8 MB hard drive.
Best price on 4K DRAM! 6502's & Z80's, too!
Gold plated leadframes galore!
Oh, for that seventies glow...
Some trouble getting my 8" floppy up, though...
You're deluding yourself. It's only a 5" floppy.
Try cassette tapes.
If all these criminals were limited to running on Commodore 64s at least it would limit the damage they could do.
14.4k, if you were lucky.
Let's meet in the middle:
All HFTs must submit orders by 9600 FAX.
The glory days of 300 baud.
Press on pioneer.
Got a used VicMODEM I can sell ya...
I bet ya they are waiting for Indian IT customer service to pick up so they can come back online.
"This is Peggy, how can I help you?"
Wow, are you sure that isn't a junior gold stock?
Reminds me of your mom...always going down.
Good one, Dr E. And don't forget: fruit never falls far from the tree.
The shitapple never falls far from the tree. Shit Apple - YouTube
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